Cabot Oil & Gas Corporation (NYSE:COG) – Seaport Global Securities dropped their Q3 2017 EPS estimates for shares of Cabot Oil & Gas Corporation in a report released on Monday. Seaport Global Securities analyst M. Kelly now expects that the oil and gas exploration company will post earnings of $0.04 per share for the quarter, down from their prior forecast of $0.06. Seaport Global Securities also issued estimates for Cabot Oil & Gas Corporation’s FY2017 earnings at $0.45 EPS.

Cabot Oil & Gas Corporation (NYSE:COG) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Cabot Oil & Gas Corporation had a positive return on equity of 4.68% and a negative net margin of 10.95%. The business had revenue of $460.50 million for the quarter, compared to analysts’ expectations of $454.76 million. During the same period last year, the company posted ($0.07) earnings per share. The firm’s revenue for the quarter was up 86.6% on a year-over-year basis.

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Other research analysts have also issued research reports about the stock. BidaskClub upgraded shares of Cabot Oil & Gas Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Scotiabank set a $28.00 price target on shares of Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a research note on Saturday, July 1st. Bank of America Corporation upgraded shares of Cabot Oil & Gas Corporation from a “neutral” rating to a “buy” rating and increased their price target for the stock from $28.00 to $32.00 in a research note on Friday, June 30th. Cowen and Company set a $30.00 price target on shares of Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Finally, BMO Capital Markets set a $30.00 price target on shares of Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a research note on Sunday, July 30th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $29.29.

Shares of Cabot Oil & Gas Corporation (COG) opened at 24.92 on Wednesday. The stock’s market capitalization is $11.53 billion. Cabot Oil & Gas Corporation has a 12 month low of $20.02 and a 12 month high of $27.14. The company’s 50-day moving average is $26.21 and its 200-day moving average is $24.67.

Institutional investors and hedge funds have recently made changes to their positions in the business. Westwood Holdings Group Inc. bought a new position in Cabot Oil & Gas Corporation in the second quarter valued at approximately $100,000. IFP Advisors Inc lifted its position in shares of Cabot Oil & Gas Corporation by 11.1% in the second quarter. IFP Advisors Inc now owns 4,569 shares of the oil and gas exploration company’s stock worth $115,000 after purchasing an additional 457 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Cabot Oil & Gas Corporation by 1.4% in the second quarter. Parallel Advisors LLC now owns 5,050 shares of the oil and gas exploration company’s stock worth $126,000 after purchasing an additional 71 shares in the last quarter. Pinebridge Investments L.P. bought a new stake in shares of Cabot Oil & Gas Corporation in the second quarter worth $163,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in shares of Cabot Oil & Gas Corporation by 83.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,800 shares of the oil and gas exploration company’s stock worth $163,000 after purchasing an additional 3,100 shares in the last quarter. 96.33% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Jeffrey W. Hutton sold 11,918 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $26.79, for a total transaction of $319,283.22. Following the completion of the transaction, the insider now owns 635,124 shares in the company, valued at $17,014,971.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by insiders.

About Cabot Oil & Gas Corporation

Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties. The Company operates in the segment of natural gas and oil development, exploitation, exploration and production, in the continental United States. Its assets are concentrated in areas with known hydrocarbon resources, which are conducive to multi-well, repeatable drilling programs.

Earnings History and Estimates for Cabot Oil & Gas Corporation (NYSE:COG)

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